Li Auto Inc. (NASDAQ:LI) Receives $32.85 Average Target Price from Analysts

Shares of Li Auto Inc. (NASDAQ:LI - Get Free Report) have been assigned an average recommendation of "Hold" from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $32.85.

Several research firms have issued reports on LI. Cfra Research raised Li Auto to a "strong sell" rating in a report on Friday, March 21st. HSBC set a $38.50 price objective on Li Auto and gave the stock a "buy" rating in a research report on Thursday, March 6th. Macquarie downgraded shares of Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 target price on the stock. in a research report on Monday, March 17th. JPMorgan Chase & Co. upgraded shares of Li Auto from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Finally, Nomura Securities upgraded shares of Li Auto to a "hold" rating in a report on Monday, March 17th.

Li Auto Price Performance

LI traded down $0.05 during trading on Friday, hitting $29.46. The company's stock had a trading volume of 4,359,556 shares, compared to its average volume of 6,470,612. Li Auto has a 12 month low of $17.44 and a 12 month high of $33.12. The firm's 50 day moving average price is $25.51 and its two-hundred day moving average price is $25.05. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $30.85 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98.

Li Auto (NASDAQ:LI - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). Li Auto had a return on equity of 13.03% and a net margin of 7.20%. The company had revenue of $3.53 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. Li Auto's revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts forecast that Li Auto will post 0.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Li Auto

Several large investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Li Auto by 459.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company's stock worth $426,475,000 after buying an additional 13,897,555 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Li Auto by 1.3% during the fourth quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company's stock worth $187,137,000 after acquiring an additional 99,539 shares during the period. Brilliance Asset Management Ltd. lifted its position in Li Auto by 0.7% in the 4th quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company's stock valued at $84,172,000 after acquiring an additional 24,416 shares in the last quarter. RWC Asset Advisors US LLC increased its holdings in Li Auto by 20.0% during the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock worth $76,313,000 after purchasing an additional 530,390 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Li Auto by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company's stock valued at $66,431,000 after purchasing an additional 1,505,991 shares during the period. Institutional investors own 9.88% of the company's stock.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.